Franklin Covey (FC) to Release Earnings on Thursday

Franklin Covey (NYSE:FC) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, January 4th. Analysts expect Franklin Covey to post earnings of ($0.33) per share for the quarter.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Franklin Covey had a negative return on equity of 5.50% and a negative net margin of 3.87%. The company had revenue of $59.50 million for the quarter, compared to the consensus estimate of $64.60 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The business’s revenue was down 8.2% on a year-over-year basis. On average, analysts expect Franklin Covey to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Franklin Covey (FC) opened at $20.75 on Tuesday. Franklin Covey has a fifty-two week low of $15.20 and a fifty-two week high of $22.30. The company has a current ratio of 1.14, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. The stock has a market cap of $287.23, a price-to-earnings ratio of -39.15 and a beta of 0.82.

In other Franklin Covey news, Director Joel Clinton Peterson sold 1,793 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $19.13, for a total value of $34,300.09. Following the completion of the sale, the director now directly owns 223,487 shares of the company’s stock, valued at $4,275,306.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 33.40% of the company’s stock.

A hedge fund recently raised its stake in Franklin Covey stock. The Manufacturers Life Insurance Company raised its position in Franklin Covey Co. (NYSE:FC) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,948 shares of the business services provider’s stock after acquiring an additional 740 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Franklin Covey worth $172,000 at the end of the most recent quarter. 49.68% of the stock is owned by hedge funds and other institutional investors.

FC has been the subject of several recent research reports. B. Riley reissued a “buy” rating and issued a $22.00 price target on shares of Franklin Covey in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Franklin Covey from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Franklin Covey presently has a consensus rating of “Hold” and an average price target of $22.00.

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About Franklin Covey

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

Earnings History for Franklin Covey (NYSE:FC)

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